According to Odaily Planet Daily, HSBC released a report stating that it has raised its year-end target for the S&P 500 again, from 6,400 to 6,500 points, following its initial increase in early August. This is the second increase in less than a month, primarily driven by stronger-than-expected second-quarter corporate earnings. HSBC cited strong second-quarter earnings momentum, particularly in technology and financial stocks, as companies indicated that the impact of tariffs was modest. Furthermore, HSBC expects the Federal Reserve to cut interest rates in September, with a total of 0.75 percentage points expected through 2026, compared to the consensus estimate of a cumulative reduction of over 1.25 percentage points. HSBC also raised its S&P 500 earnings per share growth forecast for this year from 9% to 12%, compared to the market average of 11%. In response to the higher EPS growth forecast, the S&P 500's year-end target has been raised, with the best-case scenario remaining at 7,000 points and the worst-case scenario at 5,700 points. (Golden Ten)